Diversify Wealth Management LLC Purchases 1,985 Shares of Aon plc (NYSE:AON)

Diversify Wealth Management LLC lifted its position in shares of Aon plc (NYSE:AON - Free Report) by 190.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,030 shares of the financial services provider's stock after acquiring an additional 1,985 shares during the period. Diversify Wealth Management LLC's holdings in AON were worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Portside Wealth Group LLC increased its position in shares of AON by 530.6% during the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider's stock valued at $4,412,000 after acquiring an additional 9,302 shares in the last quarter. Aviva PLC boosted its holdings in AON by 19.0% in the fourth quarter. Aviva PLC now owns 255,760 shares of the financial services provider's stock worth $91,859,000 after purchasing an additional 40,850 shares during the last quarter. WCM Investment Management LLC boosted its holdings in AON by 0.3% in the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider's stock worth $809,544,000 after purchasing an additional 6,038 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AON by 5.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider's stock worth $11,183,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in AON by 425.3% in the first quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider's stock worth $761,000 after purchasing an additional 1,544 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

AON Stock Performance

Shares of NYSE AON opened at $355.85 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $76.84 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.14 and a beta of 0.84. The firm's fifty day moving average is $358.19 and its two-hundred day moving average is $370.60. Aon plc has a 52-week low of $295.79 and a 52-week high of $412.97.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $5.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.04 by ($0.37). The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a net margin of 15.58% and a return on equity of 52.71%. The business's revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.66 earnings per share. As a group, analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.84%. AON's dividend payout ratio (DPR) is presently 25.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AON shares. Redburn Partners set a $445.00 target price on shares of AON in a report on Tuesday, March 25th. Redburn Atlantic upgraded shares of AON to a "hold" rating in a research note on Tuesday, March 25th. The Goldman Sachs Group upgraded shares of AON from a "neutral" rating to a "buy" rating and set a $408.00 price target on the stock in a research note on Tuesday, May 13th. Evercore ISI dropped their price target on shares of AON from $420.00 to $398.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Jefferies Financial Group lifted their price target on shares of AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, AON presently has an average rating of "Hold" and an average price target of $403.00.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

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